yeah its the broken clock thing. Still the piece I heard it from said it had not been done since ww2 but I swear in the car bailout we got some sort of equity we eventually sold. Later after sails it made a profit (not taking into account infaltion that I know of)
That last part isn’t unprecedented. The US’s Strategic Petroleum Reserve (for instance) made a lot of money buying low and selling high, which is just a happy coincidence of trying to stabilize the supply/prices.
yeah its the broken clock thing. Still the piece I heard it from said it had not been done since ww2 but I swear in the car bailout we got some sort of equity we eventually sold. Later after sails it made a profit (not taking into account infaltion that I know of)
That last part isn’t unprecedented. The US’s Strategic Petroleum Reserve (for instance) made a lot of money buying low and selling high, which is just a happy coincidence of trying to stabilize the supply/prices.
yeah that is what I was getting at because the thing I read mentioned not doing anything like it since world war 2 and seems like we have.
Ah right.
Taking direct equity hasn’t been orthodoxy for sure, but like you said, that part is likely technically wrong.